WEBVTT - What's The Deal with BlackRock? 0:00:00.000 --> 0:00:01.920 Hello, and welcome back to another episode of the Mark 0:00:02.040 --> 0:00:05.080 Moa Show where we talk about the decentralized revolution, the 0:00:05.080 --> 0:00:09.080 way the world is changing, radically changing right before very eyes, 0:00:11.200 --> 0:00:13.720 you know, for good and for better. We're moving from 0:00:13.720 --> 0:00:17.560 a world of moving towards globalization and centralization to a 0:00:17.600 --> 0:00:23.239 world of decentralization, from one global super power to multipolar world, 0:00:24.079 --> 0:00:28.520 one global reserve asset to multi global reserve assets. And 0:00:28.520 --> 0:00:30.680 we're witnessing this all in real time. And there's winners, 0:00:30.720 --> 0:00:33.559 there's losers. There's something good, there's some bad, and um, 0:00:33.640 --> 0:00:35.879 you can like it or hate it, but it's happening now. 0:00:35.920 --> 0:00:37.800 Some of the good Zoe, in my opinion, are that 0:00:39.560 --> 0:00:43.040 I believe in individual is um, I believe in individual rights, 0:00:43.280 --> 0:00:45.120 and I believe that my life should be my life 0:00:45.120 --> 0:00:47.479 to make decisions as I see fit, not for some 0:00:47.560 --> 0:00:49.199 guy in another country that I don't even know, to 0:00:49.240 --> 0:00:52.919 decide what is best for me here. Over the last 0:00:52.920 --> 0:00:55.360 couple of days, I've been watching this docu series on 0:00:55.480 --> 0:00:59.160 Netflix called How to Become a Tyrant. I think it is. 0:00:59.320 --> 0:01:02.560 It's pretty cool, and it kind of looks at it 0:01:02.560 --> 0:01:05.400 looks at the known tyrants of our kind of more 0:01:05.480 --> 0:01:09.440 common time which is uh. Really it was a stalin 0:01:10.760 --> 0:01:18.120 maw Um Hitler of course, um momarket Afi uh Saddam 0:01:18.200 --> 0:01:22.360 Hussein and I kind of talked about them, and it 0:01:22.440 --> 0:01:25.560 talked about you know, these were dictators. So these were 0:01:25.680 --> 0:01:29.839 very extreme examples of this. But how these dictators basically 0:01:29.880 --> 0:01:33.920 want to rule their whole country and like whatever they 0:01:33.959 --> 0:01:38.120 thought just had to be done, and so like you know, 0:01:38.240 --> 0:01:42.640 they didn't like uh, for example, one of the one 0:01:42.640 --> 0:01:45.559 of them didn't like dogs, so in the capital city 0:01:45.560 --> 0:01:48.160 that you weren't allowed to have dogs. That was it, right? 0:01:48.640 --> 0:01:51.640 And that's just one example, I mean, the most absurd things. 0:01:52.200 --> 0:01:56.240 But what happens is is that um oh, another one 0:01:56.440 --> 0:01:58.560 I think it was Kadafi said, we we need to 0:01:58.560 --> 0:02:01.400 be we need to be we need to be self sufficient. 0:02:01.440 --> 0:02:03.920 We can't rely to the countries, and so we want 0:02:04.040 --> 0:02:07.000 every citizen now has to raise chickens. We can't buy 0:02:07.080 --> 0:02:09.000 chickens anymore. We have to raise chickens. Everyone has to 0:02:09.000 --> 0:02:12.120 have chickens. And it's like, do people even know how 0:02:12.160 --> 0:02:14.120 to raise chickens? They have room to raise chickens, and 0:02:14.120 --> 0:02:16.680 then what are all the unintended consequences of trying to 0:02:16.800 --> 0:02:19.400 everyone happened to chicken. Have you thought about that? And 0:02:19.480 --> 0:02:22.400 so it's like, no, they haven't, and and and basically 0:02:22.480 --> 0:02:27.040 highlights that one person or one group of people just 0:02:27.200 --> 0:02:32.520 cannot have the information necessary to run society for all 0:02:32.520 --> 0:02:35.600 these people that they don't know. These are complex systems. 0:02:36.800 --> 0:02:40.440 And so I, for one, am not for these giants 0:02:40.480 --> 0:02:43.120 centralized complex systems. They've improven time and time and time 0:02:43.160 --> 0:02:45.160 and time again to be fragile and to fail and 0:02:45.160 --> 0:02:47.960 to cause massive hardships and pain. Every one of these 0:02:48.000 --> 0:02:50.960 tyrant situations that I've just kind of walked through real 0:02:51.040 --> 0:02:55.480 quickly have led to massive devastation and loss, massive loss 0:02:55.480 --> 0:02:57.920 of human life and so forth. Um, you know, through 0:02:58.320 --> 0:03:01.799 through what happened in Russia, through Hitler and and through 0:03:01.840 --> 0:03:04.960 mouths greatly forward, it's led to over a hundred million 0:03:05.160 --> 0:03:09.040 people just starving to death alone, not even including all 0:03:09.080 --> 0:03:11.280 the people that they killed on purpose, but just the 0:03:11.320 --> 0:03:15.720 starvation because you can't manage to that level. Um, and 0:03:15.760 --> 0:03:18.680 that's what happens. And so um we have been moving 0:03:18.720 --> 0:03:22.680 on this fast, fast tracked path towards centralization, and that 0:03:22.800 --> 0:03:26.480 is changing rapidly on a right on cue on on 0:03:26.480 --> 0:03:29.720 a tune in to your time frame that it happens, 0:03:29.960 --> 0:03:31.200 and so I like to look at some of the 0:03:31.240 --> 0:03:34.079 signposts and we can see how this is happening right 0:03:34.120 --> 0:03:36.240 before our very eyes. One of the things I've been 0:03:36.240 --> 0:03:38.760 talking about over the last several weeks that it's been 0:03:38.920 --> 0:03:43.800 encouraging for me is to see UM the largest asset 0:03:43.880 --> 0:03:49.560 manager in the world. UM Evil Inc. Will call them 0:03:49.600 --> 0:03:52.120 one of the most evil companies who have basically taken 0:03:52.240 --> 0:03:55.600 your money and weaponize it against you. And if you 0:03:55.600 --> 0:03:57.560 don't know who I'm talking about, I'm talking about black Rock. 0:03:57.960 --> 0:04:00.640 Black Rock is the largest asset manager and they have 0:04:00.760 --> 0:04:04.560 taken your money. So if you look at publican traded companies, 0:04:04.640 --> 0:04:07.320 so go to you know, NaSTA five hundred, look at 0:04:07.320 --> 0:04:09.520 these publican trader companies and just go look at who 0:04:09.560 --> 0:04:12.480 owns all these companies, and who owns almost every publican 0:04:12.520 --> 0:04:16.760 traded company is black Rock, Vanguard, and State Street. Black 0:04:16.839 --> 0:04:19.360 Rock being the largest one, owns almost all these companies. 0:04:19.880 --> 0:04:21.920 And how do they own all these companies? Where do 0:04:21.960 --> 0:04:23.839 they get all this money? It was ten trillion dollars 0:04:23.839 --> 0:04:25.719 now it's down to about eight trillion dollars. They've lost 0:04:25.760 --> 0:04:28.360 a lot. Um. Where do they get all this money? Well, 0:04:28.360 --> 0:04:30.960 it's your money. It's your pensions, is your four O 0:04:31.000 --> 0:04:34.479 on case, and then they take this money and then 0:04:34.560 --> 0:04:38.000 they use it to push things that you don't want. 0:04:38.200 --> 0:04:41.320 I've been talking about this quite a bit. The reason 0:04:41.320 --> 0:04:43.160 why I've been talking about quite a bit is one 0:04:43.720 --> 0:04:46.479 stopped giving them your money. You can easily learn to 0:04:46.600 --> 0:04:49.520 manage your money on your own rather than giving it 0:04:49.560 --> 0:04:52.120 to somebody who wants to use it against your best 0:04:52.160 --> 0:04:55.400 interests UM. That's step one. Or you can give it 0:04:55.400 --> 0:04:59.560 to other companies who might not hate you quite as much. UM. 0:04:59.640 --> 0:05:02.400 And so we're seeing massive pushback on Black Rock and 0:05:02.440 --> 0:05:07.040 their number one UM ideology that they've been pushing, which 0:05:07.080 --> 0:05:10.080 is e s G Environmental Social governance. And so we've 0:05:10.080 --> 0:05:13.159 been seeing massive pushback. We saw multiple states, one after 0:05:13.200 --> 0:05:16.679 another after another, pulled their money or divested their money, 0:05:16.720 --> 0:05:20.360 taking it back from black Rock and said, because of 0:05:20.360 --> 0:05:23.520 your E s G mandates, we're doing this UM. Then 0:05:23.560 --> 0:05:27.599 we saw nineteen Republican led states have filed lawsuits against 0:05:27.600 --> 0:05:32.040 black Rock and other banks UM for harming their states, 0:05:32.080 --> 0:05:36.400 harming their people, harming UH or or damaging what's called 0:05:36.400 --> 0:05:39.279 the fidciary duty to make them the most money. And 0:05:39.320 --> 0:05:41.280 now we can see that black Rock is facing even 0:05:41.400 --> 0:05:44.719 more blowback over e s G as the GOP pressure mounts. 0:05:44.720 --> 0:05:47.520 So now that the GOP pressure is building, now that 0:05:47.640 --> 0:05:50.559 we've gone through the mid terms, um, there's a lot 0:05:51.040 --> 0:05:53.760 of pressure building about black Rocket, says. It's been a 0:05:53.760 --> 0:05:56.440 tough couple of weeks for black Rock, the world's largest 0:05:56.480 --> 0:06:01.240 money manager, which endured fresh blows from Republican officials sharply 0:06:01.440 --> 0:06:06.160 critical of e s G. Texas said one of its 0:06:06.200 --> 0:06:09.600 Senate one of its Senate committees had issued a subpoena 0:06:09.720 --> 0:06:13.320 requesting documents about black Rocks environmental social governance e s 0:06:13.360 --> 0:06:16.400 G practices and asked for at least one of six executives, 0:06:16.640 --> 0:06:20.840 including the CEO, Larry Fink, to attend a December hearing. 0:06:22.320 --> 0:06:25.880 On the same day, Vanguard Group, one of black Rock's 0:06:25.920 --> 0:06:31.760 main rivals, withdrew from the world's largest climate finance coalition, 0:06:32.520 --> 0:06:36.239 creating a potential selling point to anti e s G clients. 0:06:37.080 --> 0:06:39.960 M hm, So you see what's happening there. So remember 0:06:40.000 --> 0:06:42.840 I told you there's three companies that own basically all 0:06:42.839 --> 0:06:46.920 the public treated companies, black Rock, Vanguard, and State Street. 0:06:47.279 --> 0:06:50.799 Black Rock is pushing this e s G narrative pedal 0:06:50.880 --> 0:06:53.599 to the Metal working against the best centers of their people, 0:06:54.160 --> 0:06:57.039 and so now they're getting pushed back on this. People 0:06:57.040 --> 0:07:00.960 are taking their money away. Republican law makers are subpoena 0:07:00.960 --> 0:07:03.359 and then bringing them into court. And on the same 0:07:03.520 --> 0:07:07.359 day that uh, that black Rock CEO Larry Fink was 0:07:07.440 --> 0:07:11.320 called to attend to hearing, Vanguard, the second biggest one, 0:07:11.480 --> 0:07:13.679 the main rival black Rock said, you know what, we're done. 0:07:13.960 --> 0:07:16.720 We're out. We're out of this uh what they call 0:07:16.760 --> 0:07:19.080 Climate Finance coalition. We're out of this E s G. 0:07:21.040 --> 0:07:23.040 UH last week it said it would pull about two 0:07:23.080 --> 0:07:25.160 billion from black Rock because of its E s G 0:07:25.280 --> 0:07:28.440 and or Florida so I would pull two billion from 0:07:28.440 --> 0:07:31.120 black Rock because of its E s G investments, and 0:07:31.160 --> 0:07:33.880 governor around to Santa's administration is urging the manager of 0:07:33.880 --> 0:07:36.560 its pension to remove black Rock as an asset manager. 0:07:37.440 --> 0:07:41.240 And so we're seeing this go down. The battle of 0:07:41.280 --> 0:07:44.120 sustainable investing comes as the ten largest E s G 0:07:44.240 --> 0:07:47.280 funds by assets have posted double digit losses this year, 0:07:47.920 --> 0:07:51.280 some even more than the SMP five hundreds decline. Black 0:07:51.360 --> 0:07:55.120 Rocks billion I shares E s G aware et F 0:07:55.200 --> 0:08:02.320 is down, about Vanguards was down, and so they're hitting 0:08:02.360 --> 0:08:09.920 him where it counts, where the money counts, it says, um, Yeah. 0:08:09.920 --> 0:08:12.440 Black Rock has been a political target among Republicans. At 0:08:12.440 --> 0:08:14.600 the same time, the firm has emphasized that it continues 0:08:14.640 --> 0:08:17.400 to manage fossil fuel investments. So now they're going out 0:08:17.440 --> 0:08:20.560 on this pr campaign saying wait a minute, wait a minute, 0:08:20.840 --> 0:08:23.360 We're not as bad as as as you think we are. 0:08:23.440 --> 0:08:25.800 We're not as evil as we think we are. And 0:08:25.840 --> 0:08:28.040 so this is what I'm encouraged by. And this is 0:08:28.080 --> 0:08:30.640 what I continue to highlight these stories, and I will 0:08:30.680 --> 0:08:34.480 continue to do this because we're winning. This is how 0:08:34.520 --> 0:08:38.440 we win. We vote with our money. Most people just 0:08:38.440 --> 0:08:41.480 haven't really taken the time to think about this, like 0:08:42.080 --> 0:08:44.120 what are the things that you care about, what are 0:08:44.160 --> 0:08:46.959 the things that you want, and then support those things. 0:08:47.880 --> 0:08:51.840 And this is why companies working for profits is really 0:08:51.880 --> 0:08:56.480 the best goal. If I care about companies that give 0:08:56.520 --> 0:08:59.480 back to my community, then I'm going to spend my 0:08:59.520 --> 0:09:01.280 money with those companies. And a company that wants to 0:09:01.280 --> 0:09:03.440 get ahead in my community is going to donate money 0:09:03.520 --> 0:09:05.679 to get ahead. They're going to fund the schools, they're 0:09:05.720 --> 0:09:08.679 going to fund the parks. Why would they give that 0:09:08.760 --> 0:09:11.560 money up? Will they do it in order to get 0:09:11.559 --> 0:09:13.520 more business from people like you and I who care 0:09:13.559 --> 0:09:16.520 about those things. If you're just tuning in and listen 0:09:16.520 --> 0:09:19.080 to the Mark Moa Show, we're talking about the decentralized revolution, 0:09:19.120 --> 0:09:21.200 the way the world is changing right before our very eyes. 0:09:21.440 --> 0:09:23.560 I got a couple more stories to cover, some big 0:09:23.559 --> 0:09:25.280 breaking stuff. You don't want to miss it. Don't go away. 0:09:25.280 --> 0:09:27.640 I wanna be right back, all right, welcome back. If 0:09:27.640 --> 0:09:29.680 you just tune in, you're listening to the Mark Moss Show, 0:09:30.040 --> 0:09:33.080 We're talking about the decentralized revolution, the way that the 0:09:33.120 --> 0:09:37.880 world is changing from a globalized globalist, centrally controlled world 0:09:37.920 --> 0:09:42.319 to a decentralized world, back to individual rights and freedoms. 0:09:43.120 --> 0:09:45.959 And I was talking about before the break, uh again, 0:09:46.240 --> 0:09:48.520 talking about again how I've been. I've been bringing up 0:09:48.520 --> 0:09:51.240 as much as I can this this pushback that we 0:09:51.360 --> 0:09:55.840 have to this globalist agenda. Now I know that by 0:09:55.960 --> 0:09:57.839 the goal is for you to own nothing to be happy. 0:09:58.080 --> 0:10:00.640 I know that's become somewhat of a meme these days, 0:10:02.480 --> 0:10:06.520 but it's true. It's on their website. This this didn't 0:10:06.559 --> 0:10:09.480 start from nowhere, all right, And it didn't start at 0:10:09.480 --> 0:10:13.240 the WF either. The u N started the Sustainable Development Goals. 0:10:13.640 --> 0:10:17.360 Decades ago they started with an agenda, and now they 0:10:17.360 --> 0:10:22.320 have an agenda. This isn't conspiracy. This is their planet's 0:10:22.400 --> 0:10:25.640 their goal. They have it written down, all right. And 0:10:25.679 --> 0:10:29.640 there's there was seventeen points under the Sustainable Development Goals, 0:10:29.720 --> 0:10:33.280 seventeen points they're trying to transform the world, undo and do. 0:10:34.600 --> 0:10:36.800 And there are seventeen points that I don't necessarily agree 0:10:36.800 --> 0:10:40.079 with and you might not either, And so you should 0:10:40.080 --> 0:10:43.120 read those. You should become aware of, um, the goal 0:10:43.280 --> 0:10:46.080 of how they're trying to reshape this world and what 0:10:46.160 --> 0:10:47.920 the goal, what the world would look like. If you 0:10:47.920 --> 0:10:49.280 want to know what the world would look like for 0:10:49.320 --> 0:10:54.000 your kids and your grandkids for you, it might just 0:10:54.040 --> 0:10:58.400 happen by stance for you. Most people go through life 0:10:58.400 --> 0:11:01.640 as passengers. Uh, there's a new term the kids are 0:11:01.720 --> 0:11:04.880 using these days. My kids have alerted me to it. 0:11:05.320 --> 0:11:08.960 And they call people in PCs or non player characters 0:11:09.720 --> 0:11:11.640 and so like if there's like another kid that's like 0:11:11.679 --> 0:11:13.880 not really well known, nobody knows them, they're not they're 0:11:13.880 --> 0:11:18.360 having going on to call m an NPC and uh, 0:11:18.559 --> 0:11:21.280 in a video game, you're obviously a character in a 0:11:21.360 --> 0:11:24.360 video game, right, And and you're you're the hero or 0:11:24.400 --> 0:11:26.880 whatever you are, right, And there's lots of other people 0:11:27.040 --> 0:11:29.880 in the game, but those are non player characters. They're 0:11:29.920 --> 0:11:32.400 just there to play that role, you know what I'm saying. 0:11:33.120 --> 0:11:34.960 And so that that's what kids these use to use 0:11:35.000 --> 0:11:37.640 these days. And and as I've thought about this, I've 0:11:37.640 --> 0:11:40.240 talked about with my kids and my wife, and there 0:11:40.280 --> 0:11:42.600 really are a lot of these in PCs in life. 0:11:43.120 --> 0:11:46.480 They are most people in life are in PCs. They're 0:11:46.559 --> 0:11:50.480 just going through life, going through the motions. They're not 0:11:50.800 --> 0:11:54.520 they're not trying to change their life or change the 0:11:54.559 --> 0:11:56.600 world of the direction. They're not trying to build in 0:11:56.600 --> 0:12:00.760 and they're not the character. They're just an NPC. And 0:12:00.800 --> 0:12:03.680 so most people haven't really thought through where the world 0:12:03.800 --> 0:12:06.319 is going. But there are a lot of people who have, 0:12:07.320 --> 0:12:09.439 and there are a lot of people who have plans 0:12:09.480 --> 0:12:11.680 for what the world looks like in ten years and 0:12:11.679 --> 0:12:14.040 twenty years and fifty years. And if you care about that, 0:12:15.080 --> 0:12:16.760 if you care about what the world looks like for 0:12:16.840 --> 0:12:21.199 your grandkids, then you should look into these people who 0:12:21.240 --> 0:12:23.800 have these plans and then ask yourself if you like that, 0:12:23.840 --> 0:12:27.400 and if not, then maybe do something about it. All Right, 0:12:27.840 --> 0:12:33.120 they've written books. There's lots of books. Uh. Start with 0:12:33.200 --> 0:12:37.440 Klaud Schwab's books. Read the Fourth Industrial Revolution, Read COVID nineteen, 0:12:37.480 --> 0:12:39.960 The Great Reset, Read his latest book, The Great Narrative. 0:12:40.000 --> 0:12:43.080 Read those. Go to the website, we'll look on my forum. 0:12:43.200 --> 0:12:49.600 Read the blog posts. Um you know. Read Mark Harney's 0:12:49.640 --> 0:12:52.440 book Values. He tells you the world is not going 0:12:52.520 --> 0:12:55.800 to be better. He tells you. I'm not gonna say, 0:12:55.880 --> 0:12:58.160 I'm not gonna deep into that, but my point is 0:12:58.160 --> 0:13:02.360 is that we need to take action and work to 0:13:02.800 --> 0:13:05.280 building the life that we want, the world that we 0:13:05.320 --> 0:13:08.840 want for future generations. Now I know it's not for everybody, 0:13:09.000 --> 0:13:12.600 Like you have to you have to do a little 0:13:12.640 --> 0:13:13.959 bit better in your life in order to look a 0:13:14.000 --> 0:13:15.959 little bit further ahead. I like to say I grew 0:13:16.040 --> 0:13:18.440 up racing dirt bikes, and so in racing we'd say 0:13:18.440 --> 0:13:21.200 the fact, the farther I can see, the faster I 0:13:21.240 --> 0:13:23.360 can go. So if I was on an open road 0:13:23.559 --> 0:13:25.960 going driving through the middle of a you know, the 0:13:26.000 --> 0:13:28.000 middle of the desert, for example, I could go a 0:13:28.080 --> 0:13:30.040 hundred miles an hour, no problem, right, I can see 0:13:30.120 --> 0:13:32.600 forever the roads as straight as it can be. But 0:13:32.679 --> 0:13:34.880 if it's raining really hard, or it's like super foggy. 0:13:34.880 --> 0:13:36.640 I gotta slow way down because I can't see very 0:13:36.640 --> 0:13:40.520 far right. And so you might have the guy on 0:13:40.559 --> 0:13:43.160 the street, the homeless person, the drug addict on the street, 0:13:43.280 --> 0:13:46.280 and all he can think about the farthest he can 0:13:46.280 --> 0:13:49.920 see is like that next hit, maybe right. And then 0:13:50.000 --> 0:13:52.120 you have a guy who can only see like paycheck 0:13:52.200 --> 0:13:55.160 to paycheck, day to day, and then paycheck to paycheck, 0:13:55.200 --> 0:13:57.560 and then maybe month to month. And then you go 0:13:57.600 --> 0:13:58.840 all the way to the other end of the spectrum 0:13:58.880 --> 0:14:01.040 where you got the bill Gates of the world, and 0:14:01.080 --> 0:14:06.280 they're looking out multiple generations ahead, and so you got 0:14:06.280 --> 0:14:09.640 to start looking looking further out, looking further out. And 0:14:09.679 --> 0:14:12.880 people are doing that, and so step one. I know 0:14:12.960 --> 0:14:14.800 this is an overwhelming and Dante and most of us 0:14:14.800 --> 0:14:17.160 just want to live our lives. And that's fine, I 0:14:17.200 --> 0:14:19.040 get it right. We want a better life for ourselves, 0:14:19.040 --> 0:14:20.800 for our family. I want to spend time with my family. 0:14:20.800 --> 0:14:24.920 I want to spend time to enjoy myself. But at 0:14:25.000 --> 0:14:26.880 least what you could do is you could figure out 0:14:26.960 --> 0:14:31.800 what the goals are um who has certain visions and goals, 0:14:31.800 --> 0:14:34.120 and at least just back those people and then you 0:14:34.120 --> 0:14:36.280 don't have to do the work. And there's people doing that. 0:14:36.360 --> 0:14:39.240 I see this right here. UM. This week Disney investor 0:14:39.360 --> 0:14:43.520 SU's company alleging criticism over Florida's parental rights and so 0:14:43.720 --> 0:14:48.200 UM Disney UM decided to go woke. They decided that 0:14:48.240 --> 0:14:50.880 Disney wanted to be involved in politics, and they wanted 0:14:50.920 --> 0:14:54.120 to create a bill UM which was which was called 0:14:54.520 --> 0:14:58.520 Florida's Parental Rights Education Bill UM. It was actually they 0:14:58.520 --> 0:15:02.040 were calling it something about don't say gay bill and 0:15:02.120 --> 0:15:04.280 Disney said that they wanted to get involved and and 0:15:04.280 --> 0:15:09.320 and push this and and uh it was it was 0:15:09.360 --> 0:15:12.920 signed into law by Rhon de Santis and forbids schools 0:15:12.960 --> 0:15:15.840 to restrict parents access to information about their children's mental, 0:15:15.880 --> 0:15:18.680 emotional and physical health. So schools didn't want to give 0:15:18.760 --> 0:15:24.840 the parents information on the kids. And so Disney got 0:15:24.840 --> 0:15:27.640 involved in this, and uh, Rhn de Santis basically said 0:15:27.640 --> 0:15:29.960 don't don't get involved, and they did. And they said, okay, look, 0:15:29.960 --> 0:15:34.280 then you're gonna lose your your tax exempt status. And 0:15:34.280 --> 0:15:37.880 by getting involved in that, it cost Disney a lot 0:15:37.920 --> 0:15:41.200 of money. Now supposedly the CEO didn't want to, but 0:15:41.280 --> 0:15:44.160 because of so much pushed back by the employees angry employees, 0:15:44.440 --> 0:15:46.880 the company decided to get involved. Well, then they lost 0:15:46.880 --> 0:15:50.960 their UM, they lost their special municipal district which should 0:15:50.960 --> 0:15:54.240 have been in place since nineteen sixty seven, and they 0:15:54.280 --> 0:15:58.000 lost their tax status status and now it cost Disney 0:15:58.080 --> 0:16:02.200 shareholders lots of money. Now, the thing that's key here 0:16:02.280 --> 0:16:06.720 is that the CEO of a company has a fudciary duty, 0:16:06.800 --> 0:16:10.200 meaning a legal duty to do the best that he 0:16:10.320 --> 0:16:14.960 can for the company and return as best as much 0:16:15.200 --> 0:16:19.400 return on capital to the shareholders. So by getting involved 0:16:19.400 --> 0:16:24.120 in politics had nothing to do with returning equity to 0:16:24.320 --> 0:16:28.600 the equity owners. They're just pushing politics for what what 0:16:28.680 --> 0:16:30.720 were they were? What was Disney trying to push politics 0:16:30.720 --> 0:16:34.920 for it? And so by doing that, um they pushed 0:16:34.920 --> 0:16:38.400 their political ideology and lost their Texas and status and 0:16:38.560 --> 0:16:42.400 cost the company hundreds of millions of dollars hundreds millions 0:16:42.400 --> 0:16:46.720 of dollars. And so now one person here has now 0:16:46.800 --> 0:16:51.120 sued them over this situation, and I think it's about 0:16:51.160 --> 0:16:53.080 time I've been asking myself. As a matter of fact, 0:16:53.120 --> 0:16:55.760 I have a friend who's a great grandson of Walt Disney, 0:16:56.160 --> 0:16:59.480 a great grandson, and their family obviously still owns a 0:16:59.520 --> 0:17:01.840 massive out of stock in the company, and I asked 0:17:01.880 --> 0:17:03.240 him about this, and I asked if they were going 0:17:03.280 --> 0:17:05.960 to do anything about this, and he's like, I don't know. 0:17:06.200 --> 0:17:07.919 I don't know what's gonna happen. But here we have 0:17:08.000 --> 0:17:10.960 Disney investor Kenneth Simon and file the twenty two page 0:17:11.000 --> 0:17:14.119 lawsuit against Disney demand the company deliver its internal records 0:17:14.160 --> 0:17:18.560 regarding its objections to the Florida bill um. According to 0:17:18.560 --> 0:17:21.760 Simon's lawsuit, Disney's criticism of the law created a significant, 0:17:21.920 --> 0:17:26.600 significant financial risk to the company's shareholders. And so all 0:17:26.640 --> 0:17:31.159 it takes is one person like Kenneth to see the 0:17:31.160 --> 0:17:33.119 direction that the world is going and push back on that. 0:17:33.920 --> 0:17:37.000 Support the company that you want, spend your money there 0:17:37.160 --> 0:17:39.720 by their stock, support them, and if they work against 0:17:39.720 --> 0:17:41.680 your interest, you can either decide to pull your money 0:17:41.760 --> 0:17:43.439 or you can do something like Kenneth did, and you 0:17:43.480 --> 0:17:47.359 can hold them to their financial duty. And that's how 0:17:47.400 --> 0:17:49.840 we changed the world. Now, of course, the CEO that 0:17:49.880 --> 0:17:52.080 did this lost his job. Another CEO has been put 0:17:52.160 --> 0:17:54.200 in place in Disney is on a completely different tractory. 0:17:55.680 --> 0:17:57.399 That's how we changed the world. If you're tuning in 0:17:57.400 --> 0:17:59.080 and listen to the Markma Show. We're talking about the 0:17:59.080 --> 0:18:02.280 way the world is changing. We're talking about the decentralized revolution. 0:18:02.440 --> 0:18:04.120 I got a lot more stories toever when I come back. 0:18:04.160 --> 0:18:06.600 Don't go away right back, all right, welcome back. If 0:18:06.600 --> 0:18:08.560 you're just tune in, you're listening to the Mark mo Show. 0:18:08.600 --> 0:18:11.360 We're talking about the decentralized revolution each and every week, 0:18:11.400 --> 0:18:13.840 of course, talking about the way the world is changing, 0:18:13.880 --> 0:18:17.720 looking at through the lens of politics, finance, and technology. 0:18:17.760 --> 0:18:22.000 Of course, technology being bitcoin, which is that decentralized technology 0:18:22.040 --> 0:18:24.680 that is changing the world. You know, we say, if 0:18:24.720 --> 0:18:27.960 you change the money, if you fix the money, you 0:18:28.000 --> 0:18:31.040 can fix the world. Which is a really big claim. 0:18:32.080 --> 0:18:37.440 Fix the money, fix the world. How can you say that? Well, 0:18:38.480 --> 0:18:41.760 it there's a lot of reasons why. One it's because 0:18:41.760 --> 0:18:46.879 of incentives. Warren Buffett's partner, Charlie Munger says, show me 0:18:46.960 --> 0:18:50.720 the incentives and I'll show you the outcome. And a 0:18:50.800 --> 0:18:53.199 lot of people think that money is neutral, money as 0:18:53.200 --> 0:18:56.160 a tool. Money could be used for good, money can 0:18:56.160 --> 0:18:59.760 be used for evil, and that sounds right. As a 0:18:59.800 --> 0:19:01.800 matter of fact, I believed that to be true most 0:19:01.840 --> 0:19:05.879 of my life, but I've recently kind of over the 0:19:05.920 --> 0:19:07.840 last couple of years come to think that it's not 0:19:08.000 --> 0:19:12.560 actually true at all. Now I guess, I guess it's 0:19:12.560 --> 0:19:14.679 true when you think about money. But then you have 0:19:14.720 --> 0:19:19.120 to then ask yourself what is money? So, okay, that's 0:19:19.119 --> 0:19:22.600 true for money, but then what is money? So then 0:19:22.680 --> 0:19:27.720 money is also a neutral tool. But what we consider 0:19:27.800 --> 0:19:31.880 money today most of us is currency or fiat currency 0:19:32.000 --> 0:19:34.280 or dollars, or if you're in a different country, whatever 0:19:34.280 --> 0:19:40.200 currency you have. Fiat currency is currency. It's not money. 0:19:40.520 --> 0:19:43.840 JP Morgan, the founder of JP Morgan Bank. Actually JP 0:19:43.960 --> 0:19:47.320 Morgan went before Congress in the early nine hundreds and 0:19:47.359 --> 0:19:53.480 he said gold is money, nothing else. Everything else is credit. 0:19:53.640 --> 0:19:57.440 So dollars were debt on top of gold, which was 0:19:57.520 --> 0:20:02.520 real money. So gold God's money. Real money is neutral. 0:20:02.760 --> 0:20:04.600 It can be used for good or bad. I can 0:20:04.720 --> 0:20:06.959 use it to pay for someone's bills if they're down 0:20:07.080 --> 0:20:09.760 on their luck, or I can pay to um someone 0:20:09.800 --> 0:20:12.199 to go hurt somebody else. Right, So that that that 0:20:12.280 --> 0:20:17.760 gold would be neutral. But that's money. Currency, Fiat currency, 0:20:17.880 --> 0:20:22.479 dollars is not that at all. Fiat currency is a 0:20:22.600 --> 0:20:30.800 system built on theft, on lies and deceit. What do 0:20:30.840 --> 0:20:33.000 I mean by that? What do I mean what do 0:20:33.080 --> 0:20:36.760 I mean it's built on theft. Well, every time the 0:20:36.760 --> 0:20:42.000 government decides to print more dollars, they steal from you. 0:20:42.119 --> 0:20:48.040 They steal your purchasing power. Every new dollar created decreases 0:20:48.080 --> 0:20:52.399 the purchasing power of your existing dollars. When you saw 0:20:52.480 --> 0:20:57.080 that this month they brought inflation downy, congratulations, CPI came down. 0:20:57.080 --> 0:20:59.280 Now we're down to the seven point one. So that 0:20:59.320 --> 0:21:01.560 means you need to work about that means you need 0:21:01.600 --> 0:21:05.240 about three more dollars this month then you needed last 0:21:05.240 --> 0:21:09.840 month just to have the same quality of life. Now, 0:21:09.840 --> 0:21:12.359 if you make thirty bucks an hour, that's ten hours 0:21:12.440 --> 0:21:16.120 more you have to work this month. They stole ten 0:21:16.160 --> 0:21:21.400 hours of your life. That's that's theft. That's stealing from 0:21:21.440 --> 0:21:24.199 your family. You could have put the time in your 0:21:24.240 --> 0:21:26.080 family has put. Time you could have put into yourself 0:21:26.080 --> 0:21:28.920 to learn new skills. That's that's they're stealing from your 0:21:28.920 --> 0:21:31.400 retirement account. They're stealing from you. That's your life energy 0:21:31.440 --> 0:21:34.080 they stole. So that's a system. That's that's that's based 0:21:34.080 --> 0:21:38.359 off inflation, which is theft. It's also built on lies 0:21:38.400 --> 0:21:41.200 and deceit. Do you know how many dollars are created? 0:21:41.640 --> 0:21:43.360 Do you know how many dollars will be created tomorrow. 0:21:43.720 --> 0:21:44.960 Do you how many dollars will be created over the 0:21:45.000 --> 0:21:49.200 next year. No, of course you don't. You have no idea. 0:21:49.359 --> 0:21:52.600 And and they don't even tell you. They don't, they don't. 0:21:52.640 --> 0:21:56.400 They deceive you, and they lie to you. Not only 0:21:56.400 --> 0:21:57.880 do they sive you, they also lie to you because 0:21:57.920 --> 0:21:59.520 they say, oh, but we're not creating money. But really 0:21:59.520 --> 0:22:01.840 they are over here, but we just didn't call it that. 0:22:03.160 --> 0:22:05.840 So the system built off theft lies in the sit 0:22:06.320 --> 0:22:10.439